Corporations Embrace Crypto, Boosting Bitcoin Price

Stock Market Forecast: Bullish Corporations Embrace Crypto, Boosting Bitcoin Price – Stock Market Forecast The Nasdaq 100, Dow Jones and S&P 500 bled lower last week despite upbeat economic readings in the form of retail sales and services data. Losses have seen the indices pull back from record levels, but volatility remains reasonable and symptoms… Continue reading Corporations Embrace Crypto, Boosting Bitcoin Price

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Stimulus Progress, Inflation Data to Buoy EUR/USD

Euro, EUR/USD, Fiscal Stimulus, Inflation, Federal Reserve, European Central Bank – Talking Points: Equity markets slipped lower during APAC trade as climbing bond yields weighed on sentiment. US fiscal stimulus progress and Fed Chair Powell’s congressional testimony will likely cap the Greenback’s potential upside. EUR/USD looking to extend recent gains as price consolidates below key… Continue reading Stimulus Progress, Inflation Data to Buoy EUR/USD

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Mr. Powell Goes to Washington

Fundamental Forecast for the US Dollar: Neutral The main event of the week will be Fed Chair Jerome Powell heading to Capitol Hill for two days of testimony to deliver the semi-annual Monetary Policy Report. But traders shouldn’t sleep on the US economic calendar. The upcoming January durable goods orders and PCE/Core PCE price indexes… Continue reading Mr. Powell Goes to Washington

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NASDAQ is retesting its 50 hour moving average

NASDAQ also test the gap from Wednesday to Thursday On Thursday, the NASDAQ index gapped below the 50 hour moving average.  After falling down to test the 38.2% retracement at 13720.511 and holding during trading yesterday, the index bounced and is continuing the move to the upside in early North American trading today.  The high price just reached 13974.609. That… Continue reading NASDAQ is retesting its 50 hour moving average

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Dow Jones, US Dollar, Crude Oil, Fed, Treasuries, NZD/USD, RBNZ

Recommended by Daniel Dubrovsky What does it take to trade around data? Market sentiment was a mixed bag this past week. On Wall Street, the Dow Jones climbed 0.2 percent over the past 5 trading sessions. But, the tech-heavy Nasdaq Composite fared worse, shrinking 1.08%. Things were slightly rosier in Europe and within the Asia-Pacific… Continue reading Dow Jones, US Dollar, Crude Oil, Fed, Treasuries, NZD/USD, RBNZ

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The US dollar is under heavy pressure with a full slate of data coming up

US dollar on the back foot today The US dollar is at the lows of the day in a broad slump that’s headlined by cable breaking above 1.40 for the first time since April 2018. The drop pokes a hole in the higher yields/higher dollar story and instead emphasizes that with the US economy roaring… Continue reading The US dollar is under heavy pressure with a full slate of data coming up

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EURUSD follows the technical clues

The high today stalls near the old swing ceiling area The EURUSD this week, swung above a ceiling area at 1.21435 and 1.21496 during Tuesday’s trade on its way to the high for the week at 1.21690. That break (see red numbered circles) could not be sustained, however, and the price started to tumbled lower breaking below its 100 hour moving… Continue reading EURUSD follows the technical clues

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